MichiganVotes.org: Michigan Laws, Bills and Votes
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using concise, plain and objective descriptions
Legislation watch
2015 House Bill 5022: Revise credit union law
Public Act 157 of 2016
Introduced by Rep. Leslie Love D-Detroit on October 27, 2015
To revise and update many details of the state regulatory regime that governs the ownership, management and operations of credit unions. The bill is part of a legislative package consisting of House Bills 5017 to 5022, and authorizes loan promotion raffles. For more details see this House Fiscal Agency analysis. Official Text and Analysis.
Referred to the House Financial Services Committee on October 27, 2015
Reported in the House on November 10, 2015
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
To revise and update many details of the state regulatory regime that governs the ownership, management and operations of credit unions. The bill is part of a legislative package consisting of House Bills 5017 to 5022, and authorizes loan promotion raffles.
Received in the Senate on December 10, 2015
Referred to the Senate Banking and Financial Institutions Committee on December 10, 2015
Reported in the Senate on March 10, 2016
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Received in the House on May 18, 2016
Signed by Gov. Rick Snyder on June 8, 2016